Ngai Tahu makes strategic Rolleston purchase
by Mike Isle
Ngai Tahu Property has new industrial developments in the pipeline having bought two blocks of land adjacent to a key section of State Highway 1 on the south-west of Christchurch.
The sites, about 70 hectares, are in prime locations with excellent access to the country’s road and rail backbone, and east-west transit links into the Christchurch urban area, Lyttleton Port, Christchurch International Airport and Te Tai Poutini-West Coast, Ngai Tahu Property chief executive David Kennedy said.
The first site is in the popular Rolleston industrial area and should be available by the end of next year. The other block, adjacent to Hornby, should have titles by mid-2021.
Both offer customisable development opportunities and flexible tenure options to suit individual business models, Ngai Tahu Property South Island development general manager Scott McCulloch said.
McCulloch said market analysis carried out by his team indicated there is demand for high-quality industrial developments with easy access to State Highway 1.
“The level of early enquiries we’ve already had has confirmed both our instincts and our research.
“Currently there is an unmet demand for freehold land in this market, and Ngai Tahu Property is happy to provide vacant lots or turn-key options as required. As an iwi-owned, intergenerational investor, we can also offer secure design-build-lease options if tenancy is preferable.
“We see this as a great opportunity to work with a range of industries, whether freight and logistics, warehousing, food processing, agricultural services, construction or manufacturing,” McCulloch said.